"It can't happen to me." For 30 years, Paul Allen had an impeccable reputation in the financial industry at Freddie Mac and Fannie Mae. He held positions such as a bank CFO and CEO of Taylor Bean & Whitaker Mortgage Corp. Then Paul conspired to commit a $2.7 billion fraud. After almost 3 years in prison, he will share his story in hopes of protecting you from the slippery slope.

Description
"It can't happen to me." For 30 years, Paul Allen had an impeccable reputation in the financial industry at Freddie Mac and Fannie Mae. He held positions such as a bank CFO and CEO of Taylor Bean & Whitaker Mortgage Corp. Then Paul conspired to commit a $2.7 billion fraud. After almost 3 years in prison, he will share his story in hopes of protecting you from the slippery slope.

Specific topics include:

Paul Allen will lead you step-by-step through the culture that no one thinks will happen to them, but resulted in Paul, a PhD, going to prison.

How the fraud at Taylor Bean began

The culture at Taylor Bean

How he became part of the fraud

The internal control failures

What he could have done to prevent the fraud

How the fraud collapsed

What the Taylor Bean fraud has in common with other frauds

How CEOs are at risk - even if they are on the periphery of fraud

Lawsuits against his outside auditor

Objectives

You will learn how a really smart, principled and ethical person slides slowly and unwittingly down the slippery slope until it is too late.

But more importantly, you will learn simple steps to protect yourself from letting your guard down.